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← CockpitCompetitor Analysis › 6419.T Mars Group Holdings CorporationOpen in the cockpit ↗

Mars Group Holdings Corporation6419.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Discretionary›Casinos/Gaming
Momentum strong 79
Mkt cap
$346M
US dollars, full cap
Free float
51%
of shares outstanding
$/day
$2.09M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+5.3 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
77 days
22 Jan 2027
Close · JPY¥3,225
1D-4.7%
1W+8.0%
1M+6.4%
3M+3.2%
6M+15.6%
YTD+0.8%
1Y+4.7%
ATR %2.6%
52w lowhigh5.0% off high

What Mars does

Employees: 627

Mars at a glance

Size Mars (6419.T) is a Japan Consumer Discretionary company (Casinos/Gaming) with a market value of $346M, the 1268th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,225 on 6 Nov 2026.

Performance Over six months the shares gained 15.6%, against -9.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 10 in its peer set.

Growth Revenue fell 10.3% over the last twelve months (peer median +6.6%); the operating margin is 24.6% (peer median 10.8%).

Valuation It trades at 0.7× enterprise value to sales against a peer median of 1.2× (2nd cheapest of 10).

Capital Return on invested capital runs 5.3 points above its cost of capital (5.0% WACC).

Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 20266419.T 115Peer median 91
Six months, rebased to 100: Mars against the median of its 9 peers (local-currency closes).

Mars financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥30.0B¥32.3B¥42.3B¥36.6B¥20.3B
Revenue growth—-24%+16%+80%—
Gross profit¥15.9B¥17.2B¥20.8B¥19.8B¥11.2B
EBITDA¥8.02B¥9.38B¥13.0B¥12.3B¥4.70B
Net income¥5.84B¥6.64B¥8.72B¥8.59B¥3.14B
Free cash flow¥4.07B¥5.57B¥9.81B¥5.11B-¥839M
Capital expenditure¥3.36B¥2.24B¥845M¥1.34B¥1.78B
Total debt¥594M¥637M¥545M¥529M¥563M

Quarterly statements and history in the cockpit →

Mars competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%0%+20%114090PBL034230BALY0200SGR91669672BETS-B6419.T6-month return →1-month return →
Up and to the right = strong over both horizons. Mars is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%1×2×3×114090PBL034230BALY0200SGR91669672BETS-B6419.TRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Mars is the large dot.

Mars competitors and peer comparison

How Mars compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Mars against its 9 peers (data as of 6 Nov 2026)
Measure6419.TPeer medianRank in peer set
1-month return+6.4%-1.6%2nd highest of 10
6-month return+15.6%-9.9%3rd highest of 10
Distance from 52-week high-5.0%-34.2%highest of 10
Revenue growth (TTM)-10.3%+6.6%lowest of 10
Operating margin24.6%10.8%2nd highest of 10
EV / Sales0.7×1.2×2nd cheapest of 10
ROIC minus cost of capital+5.3 pp-1.6 pp4th highest of 10
EV / EBITDA2.4×7.4×2nd cheapest of 9
Net debt / EBITDA-4.4×2.8×2nd least indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Mars 6419.TJapan$346M+16%-10%25%0.7×n/an/a
Grand Korea Leisure 114090.KSSouth Korea$373M-32%+8%11%0.3×n/an/a
Pollard Banknote PBL.TOCanada$315M-10%+4%-1%0.9×-7.9%+7.6%
Paradise 034230.KSSouth Korea$620M-39%+8%11%1.6×n/an/a
Bally's BALYUnited States$625M-4%+20%0%2.9×n/an/a
Melco International Development 0200.HKHong Kong$695M-42%+7%21%2.6×-4.9%+26.6%
Star Entertainment SGR.AXAustralia$724M+48%-9%-30%1.2×n/an/a
GENDA 9166.TJapan$754M+20%+47%3%0.9×n/an/a
Tokyotokeiba 9672.TJapan$868M-11%+3%37%3.1×-10.8%+7.7%
Betsson BETS-B.STSweden$1.34B+10%0%14%0.9×-18.0%+15.7%

Questions

Which companies are Mars's closest peers?
The cockpit's peer set: Grand Korea Leisure (114090.KS), Pollard Banknote (PBL.TO), Paradise (034230.KS), Bally's (BALY), Melco International Development (0200.HK), Star Entertainment (SGR.AX), GENDA (9166.T), Tokyotokeiba (9672.T).
Is Mars expensive compared with its peers?
On ev / sales it trades at 0.7× against a peer median of 1.2×, 2nd cheapest of 10 in its peer set.
How has Mars stock performed?
Over six months to 6 Nov 2026 the shares returned +15.6% against -9.9% for the median peer; over one year +4.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.